ICXUSDT trade ideas
Icon ICXUSDT - Head and Shoulders + Symmetrical triangle- Icon (ICX) Rank 77 on coinmarketcap is increasing every week.
- South Korea government use ICON coin as enterprise adoption and solutions.
- Market Cap $1,166,202,128 ### 24h volume $101,688,807 ### Max Supply: Infinite.
- The price is above the HaS neckline and currently forming symmetrical triangle - bullish continuation pattern.
- Expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - For more information, please check my signature below ↓
- 3th Elliott impulse wave is now in progress, we do not really know, how strong the 3rd wave is going to be.
- Profit target is below ATH level, but of course, after a retracement - I am expecting new all time highs!
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ICX close above descending line?Feeling quite good about my entry at 1.8, will be adding more if retest and continues.
ICX About to BreakoutICX will have a balanced DeFi launch on the end of March, this fundamental may drive the technical to a breakout and a possible surge to the upside:)
See you guys on the end of March:)
ICON (ICX) Touching Support. Ready to launch or will it fall? We are touching and testing the 38% fib + monthly structural zone. If and only if the area is treated as support with confirmation buy otherwise see a fall to he 78% zone. The targets are based on fib extensions and have 100% - 500% return target points.
ICON BUY / SELL ZONES 1 HOUR ICON BUY / SELL ZONES 1 HOUR
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Original chart in the related ideas below.
ICXUSDT (ICON) - POTENTIAL BREAKOUT ANALYSIS 🔎
- ICXUSDT is consolidating in a symmetrical triangle (ST) pattern .
- A relatively big move is imminent.
- There's a breakout potential.
BUY ENTRY ⬆️
- Conservative entry : breakout above the symmetrical triangle's inclined resistancenamd horizontal resistance level (R1).
- Aggressive entry : market price.
TARGETS 🎯
- Horizontal resistance level (R2).
- Horizontal resistance level (R3).
- Fibonacci extension levels.
SETUP INVALIDATION ❌
- Breakdown below the symmetrical triangle's inclined support.
ICXUSDT - 15 min ICX broke horizontal resistance and we can target now the next major supply zone.
A long time ago i posted a icx chart where i'm really proud at, i will try to find it!
For every new follower i will add a new idea :)
ICXUSDT 25th JanAs you can see, the pair currency moves in ascending channel. consolidating above 0.762 , breaking 0.992 level. ICUSDT will move toward 1.71 after that 2.402$
ICX/USDT can increase!Hi every one
ICON / TETHERUS
the ICX/USDT is in a symmetrical triangle which is about to break if the upward breakout happens (which is more likely) we shall see a good pump in the price which will be as much as the measured price movement.(AB=CD)
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Thank you for seeing idea .
Have a nice day and Good luck
ICX/USDT technical analysisICX looks good at the moment, forming a nice triangle. Bigger volume on the bull run and lower on the pullback. At the moment, icx it's on a consolidation phase and sits right on the 21 EMA ,which it's a strong support. If will break the 2$ resistance area, then price target for short term it's going to be 2.48$ and medium term 3.75$. If it breaks below 21 ema, short term target it's gonna be 1.40$.
